Waverly Advisors LLC Acquires 321 Shares of Emerson Electric Co. (NYSE:EMR)

Waverly Advisors LLC increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 2.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,925 shares of the industrial products company’s stock after purchasing an additional 321 shares during the quarter. Waverly Advisors LLC’s holdings in Emerson Electric were worth $1,806,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP raised its position in Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Emerson Electric by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after purchasing an additional 62,105 shares during the last quarter. Norges Bank bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $764,604,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Emerson Electric by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,174,088 shares of the industrial products company’s stock valued at $308,934,000 after purchasing an additional 60,990 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after acquiring an additional 1,786,583 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EMR shares. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Barclays increased their price target on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Citigroup raised their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Mizuho lifted their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.44.

Emerson Electric Stock Up 2.8 %

Shares of NYSE EMR opened at $118.99 on Wednesday. The business has a 50-day moving average of $111.35 and a 200-day moving average of $108.58. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $68.07 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 2.01 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. Emerson Electric’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 EPS. Sell-side analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.76%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Emerson Electric Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.